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Which Debt To Pay First?

Monday, January 14, 2013 - 12:45 PM
From bankrate.com:

http://www.bankrate.com/finance/c...me-car.asp

Pay the (higher-interest-rate) credit card debt first, keep the CD to avoid penalty.

A better question is "Why did you pay more than $50K for a car at the first place??"

$41K credit card debt is a bit alarming.  Dr. Don should get the entire picture before giving prudent and practical answers; e.g., $50K car but only $56k mortgage??  Something wrong with this picture.

  
2
51hh51hh1,476 posts since
Jan 16, 2010
Rep Points: 6,426
1. Monday, January 14, 2013 - 11:23 PM
How can you tell somebody is white trash one step removed from trailer trash?

 

Their garage is bigger than the house they live in.
1
darkdreamer4udarkdreamer4u174 posts since
Jun 11, 2010
Rep Points: 632
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